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Aluminium: new capacity to tame prices
A prolonged period of high aluminium prices, created in part by production cuts in China, is expected to encourage new capacity elsewhere in the world, which will eventually weigh on prices at 10-year highs. Benchmark aluminium on the London Metal Exchange reached...
Steel: Chinese prices could rise in September
Chinese domestic construction steel prices could stabilise and rebound this month, with both demand and supply growth. Demand growth could outpace supply growth, and construction steel inventories could decline further. As for construction steel demand, the operating...
Copper: Chile needs USD 150 billion to increase production
According to energy and mines minister Juan Carlos Jobet, Chile, a mining powerhouse, needs $150 billion in investment to reach its goal of doubling copper production by 2050, part of a larger plan by the world’s leading copper producer to increase production...
Copper: agreement ends strike at Andina mine in Chile
Two unions at the Andina copper mine in Chile have reached an agreement on a labour contract with copper producer Codelco, ending a prolonged strike that began in mid-August. Members of the Industrial Union of Labour Integration (SIIL) and the Unified Union of Workers...